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SunTrust Throws a Curveball
To Start Off Earnings Season

By

Tim Annett The Wall Street Journal Online

Updated Oct. 11, 2004 12:30 p.m. ET

With earnings season kicking into high gear later this week, SunTrust Banks tossed profit watchers a curveball, as the Atlanta-based company said it will upwardly revise earnings for the first and second quarters because of accounting missteps. Two bank executives were placed on leave pending an investigation and SunTrust put release of its third-quarter results on hold.

SunTrust, a pillar of the Southern business establishment which holds the secret formula for Coca-Cola in its vaults, said that the expected restatement...